Market Watch for week of 6/22/09

[billhart22]

Hey Bass and Hots - I just wanted to say hello.

[billhart22]

Very good posts on Ihub. I think you and I have a common tolerance point.

They were very well received also. Good job.

[bassmaster]

hi bill. hope all is well..bcle chart is not looking bad!!!! i know youre a big believer in this one. so am i. it may give me a good reason to fly out to denver in a private jet just to buy you dinner!!!!!

[billhart22]

hi bill. hope all is well..bcle chart is not looking bad!!!! i know youre a big believer in this one. so am i. it may give me a good reason to fly out to denver in a private jet just to buy you dinner!!!!!

It sounds like a groove to me!

I am just checking things out tonight.....there isn't much to go on. Dave, Shots, you and the other guys are giving great analysis on here. It's a pleasure to have guys on here equipped with experience and knowledge that helps the less polished traders joining here.

[Dr. Dave]

shots. nice posts on ihub!!!
i agree , thought MGLG .0015 support was gonna hold. im loving buys around here. i think we will see buying pressure regain momentum over the next couple of days...thanx for posting your concerns for nxhd. i added them to the watchlist post, then edited the same post after you explained your moves today. appreciate it!

next couple of days for BEHL might provide good reentry for me if i decide to go back in. IF i pull the trigger it would prolly be in the .0050's.

BCLE has been providing some good buyins in the low 20's. it doesnt stay there long so if anyone thinking about pulling the trigger should jump on that chance whenever it arises. im feeling a reversal on the trend so hopefully the next couple of days will take us back over the .03 mark..

this is all my opinion..so DYODD ...TY and GL

I agree with the possibility of a lower entry in BEHL - which is why I just sold what I had bought yesterday by mistake - if I'm wrong, so be it, didn't lose anything really except a couple bucks and a round of commissions. It has a support line I think of 0.004, so your target for buying is on the money.

BCLE to me is in a big reverse symmetrical triangle, and so even if we get only a 38% up swing the price will still be around 0.076 or so, which is fine for me. The longer it takes to get there, the higher the target becomes. But of course, this is a very thinly traded stock, so I don't expect chart patterns to play out as well as they normally would - which these days with so many people using them, the probabilities of reaching classic targets is dropping below 40%. Which is why I'm keeping it real light on these guys, but it is fun.

For MGLG a drop to 0.001 would make for a descending triangle (on a 60 min chart - so its not really a classic pattern) - starting from the gap up. Of course, MM's all know these things too - which makes it all tricky... but if you get in at a good price and don't spend money you can't lose, and these are real companies that can earn just a little money, you can book some profits.

[billhart22]

[Dr. Dave]

God knows you guys deserve a break with the big blue hound.

SIRI is actually kind of fun - the targets are usually pretty clear since you have a lot of people playing it different ways. I'm just working for a zero cost average play on this one. So the dog has kind to some of us.

[Dr. Dave]

I was just talking to my friend about his iphone and my library story. I guess he has an app that finds people's signals and tells you which have passwords. So, if you have a laptop, and there's a "stock emergency", you could add it to your arsenal. Luckily for me, the library is just down the street.

Well, what a day. I sure didn't do any stock market today. From the looks of it, I didn't miss a whole bunch. First it was the wireless network, then the Trend Micro Internet security, then the registry, then the internet itself flaked out, so I don't have a clue if I have it solved yet. There are too many variables going at the same time.

It is screwed up again, I think. I don't know if it is the internet itself or what....damn!

[billhart22]

[Dr. Dave]

Just to shake up my friends on a completely non-stock related yahoo message board, I took the number of messages that are posted each month, and imported them into some stock charting software (since the number of messages are given for each month, I converted the months into days, so I could use indicators for the software - I also put in dummy dates starting at 1960).

But - as you can see, you can find a trend any where:

http://tinyurl.com/koj3w4